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Backpack Token Empowerment Plan: 20% of company equity can be unlocked through token staking
Deep Tide TechFlow News, February 23 — Backpack announced on the X platform the launch of a token empowerment plan. After users receive the platform’s tokens, they can choose to stake them for one year, converting this portion of tokens into equity in the exchange company, to be unlocked and circulated after the company’s future IPO. Currently, Backpack holds a 20% equity share in this plan. The CEO has previously stated that they are fully pushing forward with the U.S. IPO plan, and the team’s own platform tokens will only be considered for unlocking after the company goes public.